LISTING: TORONTO STOCK EXCHANGE
SYMBOL: BDT
MISSISSAUGA, ON, March 29, 2017 /CNW/ - Bird Construction Inc.
announced today that it, as part of the Harbour City Solutions
consortium, executed a contract on March 28,
2017 to design, build, finance, operate and maintain a
biosolids management facility for the City of Hamilton, Ontario. Bird has a 50%
interest in the construction joint venture that will design and
build the project. Bird has also taken a minority equity interest
in the concession responsible for the design, construction,
financing, operations and maintenance of the project through Bird
Capital, a wholly owned subsidiary. On January 30, 2017, the Company had announced that
it was part of the consortium named preferred proponent for the
project. The consortium has since achieved financial close.
The facility will use a thermal drying process to produce
pellets which will be used as fertilizer or fuel. The plant will
process up to 60,000 wet tonnes per year of biosolids over the
30-year term of the contract.
Bird expects to start site preparation this summer with full
construction commencing shortly thereafter. The facility is
expected to be operational in the spring of 2020.
This press release contains forward-looking statements that
involve a number of risks and uncertainties because they relate to
events and depend on circumstances that will occur in the future.
Many factors could cause actual results and developments to differ
materially from those expressed or implied by these forward-looking
statements.
The Toronto Stock Exchange does not accept responsibility for
the adequacy or accuracy of this release.
SOURCE Bird Construction Inc.